OreCorp Limited (“OreCorp” or “the Company”) is in the process of obtaining financing for the Nyanzaga Gold Project (“Nyanzaga” or “the Project”) located in the Lake Victoria Goldfields of Tanzania. Nyanzaga is one of a handful of large, permitted and development ready gold projects in Africa, and has natural advantages by virtue of being in a proven producing region, well served by infrastructure and services.
The Lake Victoria Goldfields is a meaningful global producer (~1.8 Mozpa), with operations including Geita (AngloGold Ashanti, 521 kozpa) and Bulyanhulu (Barrick, 233 kozpa) both located close to Nyanzaga, and which are all well served by transport infrastructure and utilities, including hydro-generated electricity. The Project is located ~100 km by road from Mwanza, Tanzania’s second largest city, with a population of >2 million, located on Southern Lake Victoria.
